Recent empirical work finds a negative correlation between product market regulation and aggregate employment. We examine the effect of product market regulations on hours worked in a benchmark aggregate model of time allocation as well as in a standard dynamic model of entry and exit. We find...

The paper discusses the conditions under which new markets are created, and tries to identify them by an empirical case study of Japan's silver market. It starts from the perspective that the source of competitive advantage under fundamental uncertainty lies in the integration of objective and...

Die führenden Internetkonzerne sind mit ihren weitläufig vernetzten Plattformen im Laufe der 2010er Jahre zu den entscheidenden Akteuren der Gestaltung und regulativen Einfassung des Internets geworden. Der Aufsatz geht der Frage nach, über welche Ansatzpunkte und Mechanismen sie ihre Rolle...

The leading Internet groups, with their extensively networked platforms, have become the key players in the design and regulatory framing of the Internet in the course of the 2010s. This paper examines the mechanisms by which they fulfil their role as structurebuilding, rule-making and...